ExlService Holdings, Inc. $EXLS Position Lifted by Inspire Investing LLC

Key Points

• Inspire Investing LLC significantly increased its stake in ExlService Holdings, raising it by 281.4% during Q2, with total holdings now valued at $1.216 million.
• Analysts have a consensus rating of "Moderate Buy" for ExlService, with an average price target of $51.33, despite JPMorgan reducing its target from $56.00 to $52.00.
• ExlService reported a 14.7% increase in quarterly revenue year-over-year, achieving an earnings per share (EPS) of $0.49, exceeding estimates of $0.45.

Inspire Investing LLC raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 281.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,780 shares of the business services provider's stock after acquiring an additional 20,497 shares during the quarter. Inspire Investing LLC's holdings in ExlService were worth $1,216,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in ExlService during the 1st quarter valued at $45,000. Strategic Investment Solutions Inc. IL bought a new position in ExlService during the 1st quarter valued at $77,000. Morse Asset Management Inc lifted its position in shares of ExlService by 51.8% in the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider's stock worth $80,000 after buying an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of ExlService by 25.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock worth $85,000 after buying an additional 369 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of ExlService by 35.2% in the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after buying an additional 555 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXLS has been the topic of a number of recent research reports. Weiss Ratings restated a "buy (b-)" rating on shares of ExlService in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $51.33.

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the sale, the insider directly owned 127,046 shares in the company, valued at $5,559,532.96. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.04% of the stock is currently owned by corporate insiders.

ExlService Trading Down 1.8%

Shares of NASDAQ:EXLS opened at $41.25 on Friday. The company has a market cap of $6.66 billion, a PE ratio of 28.65, a P/E/G ratio of 1.89 and a beta of 0.86. The company's 50-day moving average price is $43.19 and its 200 day moving average price is $44.43. ExlService Holdings, Inc. has a fifty-two week low of $38.36 and a fifty-two week high of $52.43. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. ExlService's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.

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